What happened? Japanese shares fell on Monday…
USD/JPY: "Shooting Star" pattern
2019-11-11 • Updated
There's a bullish "Three Methods" pattern, which pushed the price higher. Considering that there's no any reversal pattern so far, the market is likely going to test the upper "Window" in the short term.
We've got a "Shooting Star", which hasn't been confirmed yet. So, there's an opportunity to have a downward correction in the coming hours. Nevertheless, bulls are likely going to reach the upper "Window" afterwards.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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